TD Ameritrade Is Now at Schwab: Where Mezzi Fits

Updated September 26, 2026.

TD Ameritrade's client transition to Schwab is complete. If you are comparing “TD Ameritrade versus Mezzi” today, the relevant choice is how Schwab's brokerage and tools fit alongside a service such as Mezzi. Mezzi does not replace the brokerage that holds assets and executes trades.

Schwab's official transition page directs former TD Ameritrade clients to Schwab. Its 2024 annual report states that the final client transition group moved in May 2024. Schwab transition information; Schwab 2024 annual report

This guide separates the jobs: brokerage access, trading tools, financial analysis, personalized guidance, and managed services. Comparing them as though each product does the same work leads to misleading fee and feature claims.

Brokerage and guidance are different decisions

You do not have to select one provider for every job. The right setup can include a brokerage, an analytical tool, and professional help, as long as each has a clear purpose.

What former TD Ameritrade users should verify

Use current Schwab information for account access, tools, and fees. A historical TD Ameritrade price or product label may not describe a service offered today.

Confirm which institution currently holds the account and which credentials or official support route apply. For records, look to the servicing institution. A new connected app may not reconstruct every historical statement or transaction you once viewed elsewhere.

If an account appears in more than one place because of a past migration, check for duplicates before interpreting household totals. A doubled balance can distort allocation, net worth, or a planning discussion even if each individual entry looks plausible.

Keep historical records relevant to your own decisions. A completed migration does not make acquisition information or old statements irrelevant. When a number differs between an institution and an aggregator, investigate dates and coverage before relying on it.

Where Schwab's tools fit

Schwab's integration retained the thinkorswim platform as part of its trading offering. That is relevant if your main task is market research or trading through the brokerage. Schwab's integration explanation

A trading platform and a household financial discussion answer different questions. The first may support evaluating or placing an order; the second may ask whether an action fits the rest of your finances and your stated goals.

For example, being able to trade a security efficiently does not determine whether the position fits a household with a near-term cash need and related exposure elsewhere. Conversely, receiving useful guidance does not supply the brokerage functions necessary to execute an order.

If you want managed investment services, review the exact current program rather than treating all Schwab offerings as a single robo-advisor. Program fees, minimums, investment arrangements, and service scope can differ. This article does not repeat an unverified blanket 0.30% fee.

What Mezzi can add to the relationship

Mezzi connects supported financial accounts without requiring an asset transfer. Investments, Banking, Other Assets, and Liabilities help represent the wider household picture. Manually entered assets such as real estate can be included, with the responsibility to keep their values current. Mezzi account groups

AI Personalization supplies the context the account feed cannot know. A goal's deadline, a cash reserve, a family obligation, or a preference about how to evaluate alternatives can shape a discussion.

Exposure X-Ray helps investigate underlying exposure in supported funds. If a stock held directly also appears in several funds, the total exposure may be different from the direct position alone. That is an analytical starting point, not an automatic instruction to sell.

The benefit to test is whether the connected picture and context help you examine a decision more clearly. It is not a claim that Mezzi delivers better investment returns than a brokerage platform.

A worked decision after the account transition

Consider an invented investor whose former TD Ameritrade assets now appear in a current $120,000 Schwab account. A legacy manual entry also shows $110,000 from an older date. An employer plan elsewhere holds $80,000, and savings holds $25,000.

The first task is to establish whether the legacy entry duplicates the current Schwab account. If it does, adding all four numbers would produce a false $335,000 total. The current account set is $120,000 + $80,000 + $25,000 = $225,000, assuming no other assets or liabilities in this example. Preserve the historical record without counting it as a second current asset.

Suppose $18,000 of savings is assigned to a move and $5,000 to a separate reserve. Only $2,000 remains outside those commitments. A proposed $4,000 investment contribution has a $2,000 funding gap. A useful review should identify that gap before discussing which security to buy.

Schwab remains the institution for current brokerage records and any order placed there. Mezzi's role is to investigate the broader question using supported accounts and saved context, including the outside employer plan. It does not reconstruct every old statement or automatically remove a duplicate account for you.

The acceptance criteria are the reconciled $225,000 total, the explicit treatment of the historical entry, the $2,000 unassigned cash calculation, and a named owner for any implementation. The review can end with no transaction. These are hypothetical calculations, not a claim about a customer's migration or a matched product test.

Cost comparisons should reflect the work

Mezzi Free includes aggregation, family collaboration, Exposure X-Ray, and limited insights. Advisory costs $399 annually and includes unlimited advice and five active Delegations. Concierge is $999 annually, adding advanced AI, unlimited active Delegations, setup help, and quarterly coaching. Mezzi plans

A brokerage's trading schedule, an investment's expense ratio, and a managed service's advisory fee are separate items. Do not compare a subscription with a single commission rate and conclude it is cheaper overall. Identify what you actually pay and which services you use.

If you already have sufficient guidance, another paid plan may not be necessary. If your unmet need is cross-account discussion rather than execution, Mezzi can be evaluated as an addition to the brokerage rather than an alternative custodian.

Check data before tax-sensitive decisions

A connected account may not provide every tax lot or historical transaction. If a discussion depends on cost basis, acquisition dates, or household activity elsewhere, verify those details independently. Mezzi's account update explains that tax-lot support varies by brokerage connection.

Do not treat an app's alert as a guarantee that every tax consequence has been reviewed. Appropriate professional advice may be needed, and implementation remains your responsibility.

The same applies to monitoring. A Delegation can support a defined request within the available service and data; it is not an order instruction or permission to move money.

Frequently asked questions

Can I open a new TD Ameritrade account instead of using Mezzi?

Use Schwab's current account information. The TD Ameritrade client transition was completed in 2024. Mezzi is not a brokerage account and serves a different role.

Does thinkorswim make Mezzi unnecessary?

That depends on your task. Trading and research tools may cover what you need. Mezzi is relevant when your unmet need is personalized discussion using connected finances and saved context.

Must I transfer assets to use Mezzi?

No. Connecting information is separate from transferring assets. Test support for the particular institution and account type you want to analyze.

What should I evaluate first?

Choose one question involving more than a trade ticket: a goal, cross-account exposure, or a cash constraint. Verify the inputs and inspect the reasoning. Explore Mezzi's plans if that guidance would add a useful role.